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Here's What Key Metrics Tell Us About Northrop Grumman (NOC) Q4 Earnings
NOCNorthrop Grumman(NOC) ZACKS·2025-01-30 15:36

Core Insights - Northrop Grumman reported 10.69billioninrevenueforQ42024,ayear−over−yearincreaseof0.510.69 billion in revenue for Q4 2024, a year-over-year increase of 0.5%, with an EPS of 6.39 compared to 6.27ayearago[1]−TherevenuefellshortoftheZacksConsensusEstimateof6.27 a year ago [1] - The revenue fell short of the Zacks Consensus Estimate of 11.03 billion by -3.09%, while the EPS exceeded the consensus estimate of 6.27by+1.916.27 by +1.91% [1] Financial Performance Metrics - Mission Systems sales were 3.14 billion, below the average estimate of 3.24billion,reflectingayear−over−yearincreaseof+2.63.24 billion, reflecting a year-over-year increase of +2.6% [4] - Aeronautics Systems sales reached 3.22 billion, slightly above the average estimate of 3.20billion,withayear−over−yearincreaseof+10.73.20 billion, with a year-over-year increase of +10.7% [4] - Space Systems sales were 2.71 billion, below the average estimate of 2.74billion,showingasignificantyear−over−yeardeclineof−24.82.74 billion, showing a significant year-over-year decline of -24.8% [4] - Defense Systems sales totaled 2.33 billion, below the average estimate of 2.58billion,butrepresentedayear−over−yearincreaseof+41.82.58 billion, but represented a year-over-year increase of +41.8% [4] - Intersegment eliminations reported a revenue of -721 million, slightly better than the average estimate of -728.36million,withayear−over−yearchangeof+23.9728.36 million, with a year-over-year change of +23.9% [4] Operating Income Analysis - Operating income for Defense Systems was 252 million, below the average estimate of 264.46million[4]−MissionSystemsoperatingincomewas264.46 million [4] - Mission Systems operating income was 469 million, exceeding the average estimate of 457.72million[4]−SpaceSystemsoperatingincomewas457.72 million [4] - Space Systems operating income was 275 million, slightly below the average estimate of 281.02million[4]−AeronauticsSystemsoperatingincomewas281.02 million [4] - Aeronautics Systems operating income was 292 million, below the average estimate of 312.28million[4]−Unallocatedcorporateexpenseswerereportedat−312.28 million [4] - Unallocated corporate expenses were reported at -112 million, worse than the average estimate of -93.95million[4]−FAS/CASoperatingadjustmentshowedapositive93.95 million [4] - FAS/CAS operating adjustment showed a positive 8 million, compared to the average estimate of -$5.89 million [4] Stock Performance - Northrop Grumman shares returned +2.6% over the past month, outperforming the Zacks S&P 500 composite's +1.2% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market [3]